Sale of Washington-Based Unigard Insurers Approved

Washington’s Office of the Insurance Commissioner has approved the sale of three Bellevue, Wash.-based property and casualty insurance companies to an Austrailian holding company. Officials said Unigard Insurance Co., Unigard Indemnity Co., and Unigard Pacific Insurance Co., will continue operations from the group’s Bellevue offices.

In May, QBE Insurance Group Ltd., an Australian corporation, and its subsidiary, QBE Holdings Inc. of Delaware, filed a request to purchase Unigard Insurance Co., Unigard Indemnity Co., and Unigard Pacific Insurance Co. The three companies are wholly owned subsidiaries of Winterthur US Holdings Inc., a subsidiary of AXA, a French holding company.

Source: DOI